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Given the most recent financial statements for Microsoft (FY2019). Sales for FY2020 are expected to grow by 4 percent. The following assumption must hold in
Given the most recent financial statements for Microsoft (FY2019). Sales for FY2020 are expected to grow by 4 percent. The following assumption must hold in the pro forma financial statements. The tax rate (percentage) and the dividend payout ratio (percentage) will remain constant. COGS, SGA, Depreciation, Interest Expense, Cash, Account Receivable, Inventory, Other Current Assets, and Net Fixed Asset increase spontaneously with sales. If the firm is operating at full capacity and no new debt or equity are issued, calculate the pro forma value for total liabilities and equity (FY2020). (Round to 2 decimals) Balance Sheet Simplified Statements for MSFT Income Statement FY2019 Cash FY2019 147,145 29,129 2,928 Sales Acct. Receivable COGS Inventory Other Current Assets SGA 7,409 115,450 42,500 38,000 15,000 19,950 3,550 Depreciation Net Fixed Assets 103,910 EBIT Total Assets 290,521 Interest Expense EBT 16,400 Acct. Payable 9,479 Taxes 3444 Long Term Debt 184,246 78,345 Net Income Common Stock Dividends 12,956 6,000 6,956 Retained Earnings 18,451 Addition to Retained Earnings Total Liab. And Equity 290,521
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